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孩之宝（HAS）与NVR, Inc.（NVR）财务数据对比。点击上方公司名可切换其他公司
NVR, Inc.的季度营收约是孩之宝的1.3倍（$1.8B vs $1.4B），孩之宝净利率更高（13.9% vs 10.8%，领先3.1%），孩之宝同比增速更快（31.3% vs -21.9%），过去两年孩之宝的营收复合增速更高（38.2% vs -16.2%）
孩之宝是1923年12月6日成立的美国跨国玩具制造与娱乐控股企业，总部位于罗德岛州波塔基特。旗下拥有Kenner、米尔顿·布拉德利、派克兄弟、威世智等知名品牌，持有大量热门IP商标权，业务覆盖玩具生产、游戏开发、娱乐内容出品等多个领域。
NVR, Inc.是总部位于美国弗吉尼亚州雷斯顿的知名住宅建造企业，同时运营抵押贷款银行及产权服务相关业务。公司业务主要布局美国东海岸，覆盖14个州及华盛顿特区，2021年有22%的营收来自华盛顿大都会区。
HAS vs NVR — 直观对比
营收规模更大
NVR
是对方的1.3倍
$1.4B
营收增速更快
HAS
高出53.2%
-21.9%
净利率更高
HAS
高出3.1%
10.8%
两年增速更快
HAS
近两年复合增速
-16.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.8B |
| 净利润 | $201.6M | $198.4M |
| 毛利率 | 68.7% | 180.4% |
| 营业利润率 | 20.6% | — |
| 净利率 | 13.9% | 10.8% |
| 营收同比 | 31.3% | -21.9% |
| 净利润同比 | 687.8% | — |
| 每股收益（稀释后） | $1.46 | $67.76 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收HASNVR
| Q1 26 | — | $1.8B | ||
| Q4 25 | $1.4B | $2.7B | ||
| Q3 25 | $1.4B | $2.6B | ||
| Q2 25 | $980.8M | $2.6B | ||
| Q1 25 | $887.1M | $2.4B | ||
| Q4 24 | $1.1B | $2.8B | ||
| Q3 24 | $1.3B | $2.7B | ||
| Q2 24 | $995.3M | $2.6B |
净利润HASNVR
| Q1 26 | — | $198.4M | ||
| Q4 25 | $201.6M | $363.8M | ||
| Q3 25 | $233.2M | $342.7M | ||
| Q2 25 | $-855.8M | $333.7M | ||
| Q1 25 | $98.6M | $299.6M | ||
| Q4 24 | $-34.3M | $457.4M | ||
| Q3 24 | $223.2M | $429.3M | ||
| Q2 24 | $138.5M | $400.9M |
毛利率HASNVR
| Q1 26 | — | 180.4% | ||
| Q4 25 | 68.7% | — | ||
| Q3 25 | 70.1% | — | ||
| Q2 25 | 77.0% | — | ||
| Q1 25 | 76.9% | — | ||
| Q4 24 | 67.4% | — | ||
| Q3 24 | 70.4% | — | ||
| Q2 24 | 76.1% | — |
营业利润率HASNVR
| Q1 26 | — | — | ||
| Q4 25 | 20.6% | — | ||
| Q3 25 | 24.6% | — | ||
| Q2 25 | -81.4% | — | ||
| Q1 25 | 19.2% | — | ||
| Q4 24 | 5.4% | — | ||
| Q3 24 | 23.6% | — | ||
| Q2 24 | 21.3% | — |
净利率HASNVR
| Q1 26 | — | 10.8% | ||
| Q4 25 | 13.9% | 13.4% | ||
| Q3 25 | 16.8% | 13.1% | ||
| Q2 25 | -87.3% | 12.8% | ||
| Q1 25 | 11.1% | 12.5% | ||
| Q4 24 | -3.1% | 16.1% | ||
| Q3 24 | 17.4% | 15.7% | ||
| Q2 24 | 13.9% | 15.3% |
每股收益（稀释后）HASNVR
| Q1 26 | — | $67.76 | ||
| Q4 25 | $1.46 | $120.85 | ||
| Q3 25 | $1.64 | $112.33 | ||
| Q2 25 | $-6.10 | $108.54 | ||
| Q1 25 | $0.70 | $94.83 | ||
| Q4 24 | $-0.25 | $139.09 | ||
| Q3 24 | $1.59 | $130.50 | ||
| Q2 24 | $0.99 | $120.69 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | — | $1.6B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $565.5M | $3.5B |
| 总资产 | $5.6B | $5.6B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资HASNVR
| Q1 26 | — | $1.6B | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益HASNVR
| Q1 26 | — | $3.5B | ||
| Q4 25 | $565.5M | $3.9B | ||
| Q3 25 | $433.8M | $4.0B | ||
| Q2 25 | $269.7M | $3.8B | ||
| Q1 25 | $1.2B | $4.0B | ||
| Q4 24 | $1.2B | $4.2B | ||
| Q3 24 | $1.3B | $4.3B | ||
| Q2 24 | $1.2B | $4.1B |
总资产HASNVR
| Q1 26 | — | $5.6B | ||
| Q4 25 | $5.6B | $5.9B | ||
| Q3 25 | $5.5B | $6.0B | ||
| Q2 25 | $5.2B | $5.9B | ||
| Q1 25 | $6.0B | $6.2B | ||
| Q4 24 | $6.3B | $6.4B | ||
| Q3 24 | $7.2B | $6.5B | ||
| Q2 24 | $6.9B | $6.4B |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $403.2M | — |
| 自由现金流经营现金流 - 资本支出 | $389.5M | — |
| 自由现金流率自由现金流/营收 | 26.9% | — |
| 资本支出强度资本支出/营收 | 0.9% | — |
| 现金转化率经营现金流/净利润 | 2.00× | — |
| 过去12个月自由现金流最近4个季度 | $829.9M | — |
8季度趋势，按日历期对齐
经营现金流HASNVR
| Q1 26 | — | — | ||
| Q4 25 | $403.2M | $439.7M | ||
| Q3 25 | $280.6M | $438.7M | ||
| Q2 25 | $71.3M | $35.1M | ||
| Q1 25 | $138.1M | $207.8M | ||
| Q4 24 | $259.8M | $637.0M | ||
| Q3 24 | $222.5M | $358.3M | ||
| Q2 24 | $187.3M | $232.7M |
自由现金流HASNVR
| Q1 26 | — | — | ||
| Q4 25 | $389.5M | $436.0M | ||
| Q3 25 | $260.9M | $433.3M | ||
| Q2 25 | $55.2M | $26.8M | ||
| Q1 25 | $124.3M | $200.7M | ||
| Q4 24 | $200.8M | $631.5M | ||
| Q3 24 | $174.0M | $350.1M | ||
| Q2 24 | $135.4M | $226.3M |
自由现金流率HASNVR
| Q1 26 | — | — | ||
| Q4 25 | 26.9% | 16.1% | ||
| Q3 25 | 18.8% | 16.6% | ||
| Q2 25 | 5.6% | 1.0% | ||
| Q1 25 | 14.0% | 8.4% | ||
| Q4 24 | 18.2% | 22.2% | ||
| Q3 24 | 13.6% | 12.8% | ||
| Q2 24 | 13.6% | 8.7% |
资本支出强度HASNVR
| Q1 26 | — | — | ||
| Q4 25 | 0.9% | 0.1% | ||
| Q3 25 | 1.4% | 0.2% | ||
| Q2 25 | 1.6% | 0.3% | ||
| Q1 25 | 1.6% | 0.3% | ||
| Q4 24 | 5.4% | 0.2% | ||
| Q3 24 | 3.8% | 0.3% | ||
| Q2 24 | 5.2% | 0.2% |
现金转化率HASNVR
| Q1 26 | — | — | ||
| Q4 25 | 2.00× | 1.21× | ||
| Q3 25 | 1.20× | 1.28× | ||
| Q2 25 | — | 0.11× | ||
| Q1 25 | 1.40× | 0.69× | ||
| Q4 24 | — | 1.39× | ||
| Q3 24 | 1.00× | 0.83× | ||
| Q2 24 | 1.35× | 0.58× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
HAS
| Grow Brands | $1.1B | 75% |
| Optimize Brands | $188.7M | 13% |
| Digital And Licensing Gaming | $135.7M | 9% |
| Class Of Principal Product Family Brands | $13.1M | 1% |
| Filmand TV | $2.4M | 0% |
NVR
暂无分部数据
